3,937 Shares in First Solar, Inc. $FSLR Acquired by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of First Solar, Inc. (NASDAQ:FSLR) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 3,937 shares of the solar cell manufacturer’s stock, valued at approximately $868,000.

Other large investors have also bought and sold shares of the company. SFE Investment Counsel raised its position in shares of First Solar by 9.1% in the second quarter. SFE Investment Counsel now owns 69,810 shares of the solar cell manufacturer’s stock valued at $11,556,000 after purchasing an additional 5,852 shares during the period. Raymond James Financial Inc. grew its stake in First Solar by 57.2% in the 1st quarter. Raymond James Financial Inc. now owns 43,991 shares of the solar cell manufacturer’s stock valued at $5,562,000 after buying an additional 16,003 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in First Solar during the 2nd quarter valued at $1,323,000. State Street Corp lifted its position in shares of First Solar by 2.1% during the second quarter. State Street Corp now owns 5,326,082 shares of the solar cell manufacturer’s stock worth $881,680,000 after acquiring an additional 111,927 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of First Solar by 49.3% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,251 shares of the solar cell manufacturer’s stock worth $10,471,000 after acquiring an additional 20,884 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on FSLR. BMO Capital Markets increased their price objective on First Solar from $273.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, December 10th. Seaport Global Securities increased their target price on shares of First Solar from $217.00 to $305.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Glj Research raised their price target on First Solar from $214.06 to $314.43 and gave the company a “buy” rating in a report on Tuesday, November 4th. Morgan Stanley set a $275.00 price objective on First Solar in a report on Friday, October 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $316.00 target price on shares of First Solar in a research note on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $271.27.

Insiders Place Their Bets

In other news, insider Georges Antoun sold 37,412 shares of First Solar stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $265.01, for a total value of $9,914,554.12. Following the transaction, the insider owned 15,424 shares in the company, valued at approximately $4,087,514.24. The trade was a 70.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael T. Sweeney sold 4,500 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $271.11, for a total value of $1,219,995.00. Following the sale, the director owned 13,662 shares of the company’s stock, valued at $3,703,904.82. This represents a 24.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 48,912 shares of company stock valued at $12,971,349 over the last three months. Insiders own 0.48% of the company’s stock.

First Solar Stock Performance

NASDAQ:FSLR opened at $272.27 on Friday. The company has a market capitalization of $29.22 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 0.53 and a beta of 1.59. The business has a 50 day moving average of $257.07 and a 200 day moving average of $213.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.91 and a quick ratio of 1.55. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $285.99.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, October 30th. The solar cell manufacturer reported $4.24 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.08). First Solar had a return on equity of 16.61% and a net margin of 27.73%.The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business posted $2.91 earnings per share. The company’s revenue was up 79.7% compared to the same quarter last year. First Solar has set its FY 2025 guidance at 14.000-15.000 EPS. On average, sell-side analysts predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

First Solar Profile

First Solar, Inc (NASDAQ: FSLR) is a United States–based solar technology company best known for designing and manufacturing thin‑film photovoltaic (PV) modules that use cadmium telluride (CdTe) semiconductor technology. The company supplies PV modules and delivers integrated solar power solutions for utility‑scale projects, positioning itself as a provider of both components and complete solar energy systems rather than solely a parts supplier. First Solar was founded in 1999 and is headquartered in Tempe, Arizona.

Beyond module manufacturing, First Solar offers a range of project services including development support, engineering, procurement and construction (EPC) services, and operations and maintenance (O&M) for large-scale solar installations.